Eastern Ontario Development Fund

Up to $500,000 in grants for SME in Eastern Ontario
  • Government of Ontario
Overview of the Eastern Ontario Development Fund program:

The Eastern Ontario Development Fund provides support for projects and investments to existing businesses, municipalities and not-for-profit organizations for economic development in eastern Ontario.

Benefits of the Eastern Ontario Development Fund program:
  • The objective of the program is to provide financial support and services to help growing companies in eastern Ontario make investments to:
  • Grow their businesses
  • Improve productivity
  • Invest in innovation and skills development
  • Pursue new markets
  • Generate broad positive regional economic impact
  • Create new good, sustainable jobs
  • A project is a distinct undertaking, separate from ongoing operations, that will result in benefits to the organization such as business growth or access to new markets.
  • The types of support available include:
  • Funding support
  • Complementary services and support
Eligibility criteria of the Eastern Ontario Development Fund program:
  • Who is eligible
  • The fund supports business and community economic development projects.
  • Business projects
  • To be eligible, businesses need to:
  • Have at least 3 years of operations/financial statements
  • Employ at least 10 people (or 5 if you are in rural Ontario)
  • Commit to creating at least 5 new jobs (or 30% increase for companies with fewer than 15 employees)
  • Invest at least $500,000 in their project (or $200,000 if you are in rural Ontario)
  • Be located in, or plan to locate in, a community in eastern Ontario
  • To be eligible, projects need to:
  • Be led by municipalities, economic development organizations or sector organizations
  • Focus on economic and business development and job creation in the community or region by investing in infrastructure or implementing strategies to advance regional economic development priorities
  • Lead to measurable outcomes including private-sector investment, growth and job creation
  • Invest more than $100,000
  • Have private sector support
  • Be used for activities that are new to the organization
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